Final Thoughts
Final Thoughts
Written by John Packard
August 16, 2017
I asked trade attorney Lewis Leibowitz recently to look into the requests for reviews of the antidumping and countervailing duties on CORE (corrosion resistant steel) and cold rolled. The U.S. Department of Commerce published notices on July 3, 2017, asking any of the countries/companies affected if they wished to have a one-year review of the initial decision. Leibowitz advised us that the Commerce Department has not yet published a list, but there are a number of reviews requested. There were no requests from the Chinese. The Koreans have filed a number of requests (four or five, including POSCO).
This year’s SMU Steel Summit Conference will be the first to be covered by television. Media credentials have been requested by NHK Japan Broadcasting Corp. for the conference. NHK is the Japanese equivalent to the PBS broadcasting network here in the United States.
It feels like a bolt of electricity passing through my body as I prepare for the largest crowd to ever participate in a SMU Steel Summit Conference. We will blow away last year’s record attendance, and we will have to close registrations tomorrow (Friday, Aug. 19) as I do not want to sell standing-room-only tickets. Thank you to everyone who has been supporting our conference, whether you personally are attending this year’s event or not.
Mark your 2018 calendars now – Aug. 27, 28 and 29 – we will once again hold our conference in Atlanta at the Georgia International Convention Center.
As always, your business is truly appreciated by all of us here at Steel Market Update.
John Packard, Publisher
John Packard
Read more from John PackardLatest in Final Thoughts
Final Thoughts
Based on the amount of ‘out of office’ replies we’ve been receiving and the results of this week’s steel buyers’ survey, those pesky summer doldrums have arrived for the steel industry.
Final Thoughts
Maybe some of this uncertainty will get ironed out ahead of Liberation Day tariffs resetting higher rates on July 9. But if I had to place a wager, it would be on more drama and last-minute brinksmanship - whether it comes to the Liberation Day tariffs or the various Section 232s that are in the works.
Final Thoughts
What should you keep your eye on, considering the latest geopolitical events?
Final Thoughts
Not many people in the North American steel market had direct US involvement in another Middle East conflict on their bingo card. Prices weren't expected to shoot higher unless something unexpected happened. That unexpected something has now happened. And there is talk of oil at $100 per barrel. What does that mean for steel?
Final Thoughts
Now that the USS/Nippon deal has been completed, what's next?